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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Comment by theCurseon Oct 07, 2024 12:46pm
185 Views
Post# 36256304

RE:New Press Release - Endeavour Comments on Media Reports

RE:New Press Release - Endeavour Comments on Media Reports
Orezone news release today is a bit more clear.  here is part of it

"Following the radio broadcast, there has been concerns in the mining sector about the government possibly withdrawing mining permits.

The Company has been in contact with the government and they have clearly stated that the comments with respect to the potential withdrawal of mining permits was meant only with respect to those companies operating in violation of the laws of Burkina Faso.  Companies operating in compliance with the laws of Burkina Faso, which includes Orezone and many other mining companies, will not have their mining permits withdrawn or revoked."

But of course, this is why EDV does not get the same valuation as other big golds that do not have properties in countries such as Burkina Faso

Dinglenuts conveniently missed one important word.  "Burkina Faso to withdraw ***some*** mining permits from foreign companies"

tC

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